1300 Smiles (ONT)

Queensland’s largest provider of dental services,
1300 Smiles
, has been on a winning streak with five consecutive years of record net profit after tax results. The company’s share price has jumped 50 per cent since the start of this year, bringing a smile to the face of investors such as developers the Lancinis, wealthy Melbourne family the Gandels, the Ingham family and the company’s largest shareholder, Daryl Holmes. While the stock is expensive with a price-earnings ratio of more than 22 times, there is still plenty of room for growth with the company seeking to expand geographically. Over the past five years In Queensland, several dental schools have sprung up, allowing the supply of dentists to grow. The company is holding cash reserves of $5.9 million net of all debt obligations. Management said in a recent profit result that the company also had “resources sufficient to fund any conceivable acquisition or expansion we might undertake".